First Solar, Inc. (FSLR) Shares Bought by Suffolk Capital Management LLC

Suffolk Capital Management LLC grew its stake in First Solar, Inc. (NASDAQ:FSLR) by 207.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,579 shares of the solar cell manufacturer’s stock after purchasing an additional 71,237 shares during the period. Suffolk Capital Management LLC owned about 0.10% of First Solar worth $7,129,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Alliancebernstein L.P. boosted its stake in shares of First Solar by 0.8% in the 2nd quarter. Alliancebernstein L.P. now owns 47,767 shares of the solar cell manufacturer’s stock valued at $1,905,000 after purchasing an additional 360 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of First Solar by 19.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,220 shares of the solar cell manufacturer’s stock valued at $352,000 after purchasing an additional 837 shares in the last quarter. Dubuque Bank & Trust Co. boosted its stake in shares of First Solar by 10.6% in the 4th quarter. Dubuque Bank & Trust Co. now owns 9,175 shares of the solar cell manufacturer’s stock valued at $619,000 after purchasing an additional 882 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of First Solar by 1.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 70,126 shares of the solar cell manufacturer’s stock valued at $3,218,000 after purchasing an additional 1,018 shares in the last quarter. Finally, Cetera Advisors LLC boosted its stake in shares of First Solar by 16.0% in the 3rd quarter. Cetera Advisors LLC now owns 7,963 shares of the solar cell manufacturer’s stock valued at $365,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors own 51.00% of the company’s stock.

First Solar, Inc. (NASDAQ:FSLR) opened at $65.51 on Friday. The company has a current ratio of 6.85, a quick ratio of 6.47 and a debt-to-equity ratio of 0.06. First Solar, Inc. has a fifty-two week low of $25.56 and a fifty-two week high of $76.61. The stock has a market cap of $6,813.21, a P/E ratio of -14.96 and a beta of 2.09.

In other First Solar news, CEO Mark R. Widmar sold 20,270 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $64.40, for a total transaction of $1,305,388.00. Following the completion of the transaction, the chief executive officer now owns 100,754 shares in the company, valued at approximately $6,488,557.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Philip Dejong sold 15,304 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $67.83, for a total transaction of $1,038,070.32. Following the transaction, the chief operating officer now owns 10,424 shares of the company’s stock, valued at approximately $707,059.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,858 shares of company stock valued at $3,134,015. Company insiders own 0.58% of the company’s stock.

FSLR has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of First Solar from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Tuesday, January 2nd. Vetr upgraded shares of First Solar from a “sell” rating to a “hold” rating and set a $66.50 price target on the stock in a research note on Thursday, December 14th. Guggenheim restated a “neutral” rating on shares of First Solar in a research note on Thursday, January 18th. They noted that the move was a valuation call. Goldman Sachs Group restated a “neutral” rating and issued a $65.00 price target (up from $50.00) on shares of First Solar in a research note on Thursday, November 30th. Finally, Cowen restated an “outperform” rating and issued a $77.00 price target (up from $60.00) on shares of First Solar in a research note on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $66.60.

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About First Solar

First Solar, Inc is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures.

Institutional Ownership by Quarter for First Solar (NASDAQ:FSLR)

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